EX-10.1
Exhibit 10.1
FIRST AMENDMENT TO DELAYED DRAW TERM LOAN CREDIT AGREEMENT
FIRST AMENDMENT TO DELAYED DRAW TERM LOAN CREDIT AGREEMENT (this “Agreement”), dated as of June 17, 2026 (the “First Amendment Effective Date”), is entered into among THE WESTERN UNION COMPANY, a Delaware corporation (the “Company”), the Banks party hereto and BANK OF AMERICA, N.A., as the Administrative Agent. Capitalized terms used herein but not otherwise defined herein shall have the meanings provided in the Existing Credit Agreement (as defined below) or the Amended Credit Agreement (as defined below), as applicable.
RECITALS
WHEREAS, the Company, the Banks from time to time party thereto, and the Administrative Agent have entered into that certain Delayed Draw Term Loan Credit Agreement, dated as of January 9, 2026 (the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by this Agreement, the “Amended Credit Agreement”); and
WHEREAS, the Company has requested that the Banks amend the Existing Credit Agreement as set forth below, subject to the terms and conditions specified in this Agreement.
NOW, THEREFORE, in consideration of the premises, and of the mutual covenants and agreements herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows:
Amendment to Existing Credit Agreement. Effective as of the First Amendment Effective Date, the parties hereto agree that the definition of “Commitment Period” in Section 1.1 of the Existing Credit Agreement is amended by deleting the text “July 8, 2026” and replacing such deleted text with the text “November 10, 2026”.
Condition Precedent. This Agreement shall become effective upon receipt by the Administrative Agent of counterparts of this Agreement executed and delivered by a duly authorized officer of the Company and duly executed by each Bank and the Administrative Agent.
Payment of Expenses. Subject to Section 9.5 of the Existing Credit Agreement, the Company agrees to pay or reimburse the Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with the preparation, execution and delivery of this Agreement, including the reasonable and documented out-of-pocket fees, disbursements and other charges of counsel to the Administrative Agent.
Miscellaneous.
(a) The Loan Documents and the obligations of the Company thereunder are hereby ratified and confirmed and shall remain in full force and effect according to their terms. This Agreement shall constitute a Loan Document.
(b) Except as expressly modified and amended in this Agreement, all of the terms, provisions and conditions of the Loan Documents shall remain unchanged and in full force and effect. The Loan Documents and any and all other documents heretofore, now or hereafter executed and delivered pursuant to the terms of any Loan Document are hereby amended so that any reference to the Existing Credit Agreement shall mean a reference to the Amended Credit Agreement. The Amended Credit Agreement is not a novation of the Existing Credit Agreement.
(c) The Company hereby represents and warrants as follows: (i) the Company has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement; (ii) no consent or authorization of, filing with or other act by or in respect of any Governmental Authority or any other Person (except as have been obtained or made) is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement; (iii) this Agreement has been duly executed and delivered on behalf of the Company; (iv) this Agreement constitutes a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law); and (v) the execution, delivery and performance of this Agreement will not directly or, to the knowledge of the Company, indirectly, violate any Requirement of Law or Contractual Obligation of the Company or of any of its Subsidiaries and will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation.
(d) Immediately after giving effect to this Agreement: (i) each of the representations and warranties made by the Company in the Amended Credit Agreement shall be true and correct in all material respects (except to the extent such representations and warranties are qualified by materiality in the text thereof, in which case such representations and warranties shall be true and correct) on and as of the First Amendment Effective Date (except that any representation or warranty relating to or made expressly as of a specific date shall be true and correct in all material respects (except to the extent such representations and warranties are qualified by materiality in the text thereof, in which case such representations and warranties shall be true and correct) solely with respect to and as of such specific date); and (ii) no Default or Event of Default shall have occurred and be continuing.
(e) Subject to Section 9.11 and Section 9.21 of the Existing Credit Agreement, (i) delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement, and (ii) this Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
(f) Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. If any provision of this Agreement is held to be illegal, invalid or unenforceable, the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
(g) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
(h) The terms of Sections 9.15 and Section 9.17 of the Existing Credit Agreement with respect to submission to jurisdiction, waiver of venue and waiver of jury trial are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms.
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[Signature pages follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.
COMPANY: THE WESTERN UNION COMPANY,
a Delaware corporation
By: /s/ Matt Cagwin
Name: Matt Cagwin
Title: Chief Financial Officer
ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A.,
as the Administrative Agent
By: /s/ Aamir Saleem
Name: Aamir Saleem
Title: Vice President
BANKS: BANK OF AMERICA, N.A.,
as a Bank
By: /s/ Sidhima Daruka
Name: Sidhima Daruka
Title: Director
STATE BANK OF INDIA, NEW YORK BRANCH,
as a Bank
By: /s/ Devendra Panwar
Name: Devendra Panwar
Title: Vice President and Head (Credit Management Cell)
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Bank
By: /s/ Benjamin Schwartz
Name: Benjamin Schwartz
Title: Vice President
BANK OF BARODA, NEW YORK BRANCH,
as a Bank
By: /s/ Saket Jain
Name: Saket Jain
Title: Assistant General Manager
BANK OF CHINA LIMITED, CHICAGO BRANCH,
as a Bank
By: /s/ Wenping Fu
Name: Wenping Fu
Title: SVP & Deputy Branch Manager
U.S. BANK NATIONAL ASSOCIATION,
as a Bank
By: /s/ Arumy Cho
Name: Arumy Cho
Title: Vice President
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH,
as a Bank
By: /s/ Xiaoxing Huang
Name: Xiaoxing Huang
Title: Director
By: /s/ Robert O'Brien
Name: Robert O'Brien
Title: Executive Director
BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH,
as a Bank
By: /s/ Yuemin Han
Name: Yuemin Han
Title: General Manager
CHANG HWA COMMERCIAL BANK LTD., LOS ANGELES BRANCH,
as a Bank
By: /s/ Yu-Tang Shen
Name: Yu-Tang Shen
Title: VP & General Manager
CTBC BANK CO., LTD., NEW YORK BRANCH,
as a Bank
By: /s/ Mingdao Li
Name: Mingdao Li
Title: SVP & Branch Manager
FIRST HAWAIIAN BANK,
as a Bank
By: /s/ Stephen Agnew-Miller
Name: Stephen Agnew-Miller
Title: Vice President
HANCOCK WHITNEY BANK,
as a Bank
By: /s/ Leonard Washington
Name: Leonard Washington
Title: Vice President
HUA NAN COMMERCIAL BANK LTD., NEW YORK AGENCY,
as a Bank
By: /s/ Tzu-I-Huang
Name: Tzu-I-Huang
Title: Vice President & General Manager
FIFTH THIRD BANK, NATIONAL ASSOCIATION,
as a Bank
By: /s/ Michael Barnett
Name: Michael Barnett
Title: Senior Vice President
ROYAL BANK OF CANADA,
as a Bank
By: /s/ Scott Robinson
Name: Scott Robinson
Title: Director - CCG Finance
AGRICULTURAL BANK OF CHINA LIMITED, NEW YORK BRANCH,
as a Bank
By: /s/ Nelson Chou
Name: Nelson Chou
Title: SVP & Head of Corporate Banking
BOKF, NA, DBA BOK FINANCIAL,
as a Bank
By: /s/ David J. Anderson
Name: David J. Anderson
Title: Senior Vice President
KEYBANK NATIONAL ASSOCIATION,
as a Bank
By: /s/ Brian P. Fox
Name: Brian P. Fox
Title: Senior Vice President
OLD NATIONAL BANK,
as a Bank
By: /s/ Roger Kallal
Name: Roger Kallal
Title: SVP
REGIONS BANK,
as a Bank
By: /s/ Taylor Poole
Name: Taylor Poole
Title: Director
FIRST INDEPENDENCE BANK,
as a Bank
By: /s/ Andrew Harper
Name: Andrew Harper
Title: Chief Credit Officer